FTF-i Sales is a facility offered to a Seller for financing of its trade related foreign and local purchases (usance). This financing facility is based on Shariah concept of Bay’ al Dayn Bi al Sila’ (purchases of debts with commodity.

• Foreign and Local Sales (usance) of goods and/or selected services payable under the following terms of payment:
  • Letter of Credit-i (LC-i)
  • Collection
  • Open Account
• Minimum Disbursement Amount RM10,000 or its equivalent in other currencies
• Available in Ringgit Malaysia (RM) and other major currencies as advised by the Bank
• Tenure is determined based on Seller’s trade cycle with maximum tenure of up to 360 days
• Financing is on a discounted basis.

• Able to improve cash flow as you can obtain immediate funds from the Bank pending payment from the Buyer.
• Simple document preparation as financing is also allowed for both Open Account and Collection term of payment.
• Alternative financing for both RM and foreign currency.
• Flexibility in financing amount and financing period

• Malaysian seller (Domestic Sales & Exports)

• Limited to Shariah compliant business/purposes
• Approved FTF-i Facility with the bank
• Application must be made in the bank’s standard Application Form and signed by your authorised signatory/ies
• Each application must be accompanied supporting documents (e.g. Original invoice, transport document or other documents)

How to Apply

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